The housing finance company with a 5.5% weight in the Nifty could see an outflow of around $1.3-1.5 billion from the passive funds once it’s excluded from the benchmark, they said. Pidilite Industries and Ambuja Cements are among the top contenders to replace HDFC, said analysts.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj